Texas Pacific Group transfer controlling stake in Ducati to Investindustrial Holdings2005-12-09 01:36
PRELIMINARY AGREEMENT SIGNED TO TRANSFER THE TPG CONTROLLING STAKE IN DUCATI TO INVESTINDUSTRIAL
Satisfaction at Ducati Motor Holding S.p.A (NYSE: DMH, Borsa Italiana S.p.A: DMH), with the announcement of the preliminary agreement to transfer the Texas Pacific Group (majority shareholder of the Bologna motorcycle manufacturer) controlling stake in Ducati to Investindustrial Holdings.
"We had always hoped to have Investindustrial as our partner for the re-launch of the company" commented Federico Minoli, President and CEO of Ducati Motor Holding. "the transfer of shares provides the guarantees that Ducati needs in order to continue its growth and reach the goals it has been working towards. The agreement is subject to the approval of Ducati's banks. We will be working with all of our main banks, with the assistance of Unicredito Banca Mobiliare - UBM - to finalise the agreement as efficiently and quickly as possible. We expect to operate in a calm and harmonious way, combining forces and sharing results with those partners who have our same passion and pride for the worldwide success of Italian bikes".
Founded in 1926, Ducati builds racing-inspired motorcycles characterized by unique engine features, innovative design, advanced engineering and overall technical excellence. The Company produces motorcycles in six market segments which vary in their technical and design features and intended customers: Superbike, Supersport, Monster, Sport Touring, Multistrada and the new SportClassic. The Company's motorcycles are sold in more than 60 countries worldwide, with a primary focus in the Western European, Japan and North American markets. Ducati has won thirteen of the last fifteen World Superbike Championship titles and more individual victories than the competition put together. For more information about the Company, please visit our web site at www.ducati.com
Source: Ducati Motor Holding S.p.A
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